South Korean Stock Selloff Eases as Retail Traders Buy the Dip

South Korea’s stock benchmark pared losses after a sharp afternoon rebound as retail investors bought on the dip, offsetting some of the earlier selling driven by valuation concerns. The Kospi Index fell 2.9% on Wednesday, its steepest drop since August, after...

Retail Traders Post Worst Day Since April as Tech Rally Stumbles

For the day traders who pile into the hottest stocks, Tuesday was the worst session since the April chaos caused by Donald Trump’s trade war. The Retail Favorites Index — a Goldman Sachs Group Inc. basket of stocks heavily owned by non-professional traders — was hit...

State Street Takes Coller Capital Stake to Tap Secondaries Boom

State Street Corp.’s asset-management arm acquired a minority holding in Coller Capital to tap the growing market for secondhand stakes in private markets. The firms announced the deal Monday in a statement that didn’t disclose the amount of the investment. The...

US Manufacturing Shrinks for Eighth Month on Sluggish Demand

US factory activity shrank in October for an eighth straight month, driven by a pullback in production and tepid demand. The Institute for Supply Management’s manufacturing index eased 0.4 point to 48.7, according to data released Monday. Readings below 50 indicate...